Fletcher Building Limited (FBU.NZX)

15 February 2018

Technical Summary: Dividends aside, you would be worse off if you purchased shares in FBU now that what you would be 5 years ago. This is during one of the greatest bull markets in history. This underperofrmance has continued for the last year. Despite little flourishes that have given shareholders hope the stock has always found its way to new lows. Sometimes on horrific gap downs that have done damage to shareholder psyche. The most recent gap down was a news related event. The gap while horrible for shareholders did have a silver lining for mean reversion traders that were looking for a quick scalp. The stock was bought up off the lows of the day and closed some of the gap. This suggests a new area of support off that low.

Dividends aside you would been worse off now than what you would be 5 years ago by holding FBU

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